The Daily Leo | LeoDex, XChat, and New FinTech Solutions
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LeoDex, XChat, and New FinTech Solutions
Technology and finance is converging to redefine how we interact with money and data, and thus, the fintech and tech sectors are rapidly transforming how we manage money, communicate, and grow personally. Decentralized platforms like LeoDex now allow users to manage crypto with the new "Send" feature, simplifying cross-chain crypto transfers, while XChat’s encrypted messaging pushes X toward becoming an "everything app". Meanwhile, AI-powered solutions like Rosebud are transforming personal growth through intelligent journaling, and legislative milestones like California’s AB 1180 are paving the way for cryptocurrency integration into state services. These advancements signal a future where blockchain, AI, and digital connectivity empower users with greater control, privacy, and opportunity in an increasingly decentralized world. The featured articles in this newsletter are worth your reading time.
Manage and Send Crypto Assets Using LeoDex
LeoDex, a decentralized exchange interface by INLEO, has launched a new "Send" feature, enabling users to transfer a wide range of cryptocurrencies, including Bitcoin, Ethereum-based assets (ETH, USDC, USDT), and others like RUNE, TCY, HIVE, and CACAO, directly from their connected wallets. The feature includes a user-friendly interface for managing and sending crypto assets, with the ability to save frequently used addresses as contacts for quick transactions. This update, announced on June 2, 2025, enhances LeoDex’s functionality as a cross-chain swapping platform powered by the Maya Protocol. LeoDex seeks to streamline decentralized finance interactions for users across multiple blockchains.
The Everything App: XChat Being Added To X
X, the social media platform owned by Elon Musk, is advancing its transformation into an "everything app" with the introduction of XChat, a new messaging feature announced on June 4, 2025. XChat offers end-to-end encryption, vanishing messages, file sharing, and audio/video calling, positioning it as a competitor to platforms like WhatsApp and Signal. While the feature aims to enhance user privacy and functionality, concerns have been raised about the security of its encryption, with some experts questioning Musk’s claim of "Bitcoin-style encryption" due to potential vulnerabilities in key storage. The beta rollout, starting with select iOS users, particularly Premium+ subscribers, is part of X’s vision to integrate services like XMoney and expand its role in decentralized finance and creator monetization.
Rosebud raises $6 million to enhance AI-based App for Personal growth and Self-reflection
Rosebud, an AI-powered journaling app focused on personal growth and self-reflection, has secured $6 million in seed funding led by Bessemer Venture Partners, with participation from Fuel Capital, 776, Avenir, Initialized Capital, and angel investor Tim Ferriss, as announced on June 4, 2025. Launched in 2023 by co-founders Chrys Bader and Sean Dadashi, the app analyzes journal entries to provide personalized insights, prompts, and mentorship, aiming to foster self-awareness and habit-building akin to a human coach. With over 500 million words journaled and 30 million minutes of user engagement, Rosebud plans to use the funds to enhance its proprietary “memory” technology, expand its four-person team, and accelerate marketing and partnerships. This will make Rosebud a scalable, AI-driven mentor for users navigating life milestones.
California Assembly Unanimously Passes Bill to Allow Cryptocurrency Payments for State Services
The California State Assembly unanimously passed Assembly Bill 1180 (AB 1180) on June 2, 2025, with a 68-0 vote, allowing state agencies to accept cryptocurrency payments for fees and transactions under the Digital Financial Assets Law (DFAL), as reported by INLEO. Introduced by Assembly member Avelino Valencia, the bill establishes a pilot program, set to begin July 1, 2026, and run until January 1, 2031, with the Department of Financial Protection and Innovation (DFPI) tasked with creating regulatory guidelines and reporting on transaction volumes and challenges by January 1, 2028. California's AB 1180 bill now advances to the Senate, positioning California to join other states like Florida and Colorado in embracing digital currencies, to boost blockchain innovation and economic development in the state.
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